{% extends "global/Page.html" %} {% load staticfiles otree %} {% load i18n %} {# ****************************************************************************************************************** #} {# *** STYLES *** #} {# ****************************************************************************************************************** #} {% block styles %} {% endblock %} {# ****************************************************************************************************************** #} {# *** TITLE *** #} {# ****************************************************************************************************************** #} {% block title %} {% trans "Part II Instruction" %} {% endblock %} {# ****************************************************************************************************************** #} {# *** CONTENT *** #} {# ****************************************************************************************************************** #} {% block content %}
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There are two parts of the experiment. If you finish the whole experiment, your total payoff will
include the payoff from each part of the experiment plus the participation fee.
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This is Part Two. You will be given several gambles. Each gamble is followed with a chart that
includes several rows. Each row has a decision choice with two options: Option A (on the left) and
Option B (on the right). Option A is the gamble which describes the date and the amount of prize money.
Different gambles may have different prize money and payment dates. Option B in almost all decision
problems are a sure payoff paid at the end of the experiment today. With the exception of only one
decision choice, you will see that Option B is a gamble.
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The following picture is an illustration of a gamble and a chart for making decisions.
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For each decision choice, you will choose one of the options that you prefer. After all the charts are
finished, one of the decision choices will be randomly picked by the computer and your payoff will be determined by
that choice. If your choice was a gamble, the date and the amount of
payoff will be randomly determined by the computer according to the gamble. If your choice
was a sure payoff, it will be paid today.
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For example upon completion, suppose the first row in the above picture is
randomly picked by the computer towards your payoff. If you chose Option A, the computer will randomly determine
the outcome of the gamble and whether you receive $2 in 3 days or $0. For another example, suppose the
second row is randomly picked towards your payoff and suppose you chose Option B, you will receive $1 for
sure at the end of the experiment today.
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{% blocktrans trimmed with n=Constants.num_choices_3 %} Note that different gambles may have different prize money and payment dates. Any payment that indicates "today" will be paid at the end of the experiment. Any future payment will be paid via Interac e-transfer on the specified date. Each decision choice is independent of each other. One of the decision choices will be randomly picked by the computer to determine your payoff in Part Two. {% endblocktrans %}